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tv   President Biden Discusses Economy in Superior Wisconsin  CSPAN  January 26, 2024 10:00am-10:28am EST

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governor nikki heypeaks to voters at a rally in conway. ve coverage at 5:00 p.m. eastern, also on c-span. both events will stream live on c-span now, our free mobile video app and online at the span.org -- c-span.org. ♪ >> today, what c-span's 2024 campaign trail, a weekly roundup of c-span's campaign coverage, providing a one-stop shop to discover where the candidates are traveling across the country and what they are saying to voters, along with first-hand accounts from political reporters, updated pole number' fundraising data and campaign ads. watch c-span's2024 campaign trail. today at seven a clock eastern on c-span, online at c-span.org or download the podcast on c-span now, our free mobile app or wherever you get your podcasts. c-span, your unfiltered view of politics. ♪
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>> president biden announced more that $5 billion in transportation and infrastructure investments. including a $1 billion investment for rebuilding the bridge that connects superior, wisconsin, and duluth, minnesota. this is about 25 minutes. ♪♪ >> hello, hello, hello. ♪♪ have a seat, take it. hello, wisconsin. i got to meet his twins and his wife, and no wonder he is here. tell you what, they are going to keep him here. governor of wisconsin, governor
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reverse. tony, stand up. and al, the governor of minnesota, tim walsh. and thanks to the outstanding senator, tammy baldwin of wisconsin. and amy klobuchar from the state of minnesota. if i have all three of them at my side, i don't worry about anything. and two great mayors. the mayor of superior, wionsin, and the mayor of duluthminnesota. stand up, guys. [cheers and applause] lks, i am here today to talk about mething that does not get enough attention. the progress ware making to invest in america and american workers and americ products, to invest in america. that's what we are doing,
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bringing work opportunities and hope for communities all across this country. just last week, we saw the biggest jump in 30 years in how positive consumers are feeling about the economy. and how positi consumers are feeling and finally beginning to sink in, we knew it would take time but it's taking hold now tourn the economy around. eckstein billion new obligations. [applause] someoneiles for new busines, an example hope, they believe they can get something done. sterday we learned the economy 2.1% last year. [applause]
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we have experts in every month there would be a recession. we have strong growth in the "wall street journal". the u.s. shatters. a shocking one. [laughter] accelerating in 2023. [applause] by the way, economic growth is stronger than we've had during the trump administration. my predecessor recently said can you believe it?
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that is what he's hoping for. the strongest growth in the most inflation rate of any economy in the world. [applause] there's more work to do but we are making real progress. i was raised in a household three bedroom. grandpa was with us in the trickle-down economics. when we work from the middle out, bottom up, the middle class is reay well and the wealthy don't do wel on the audit.
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this is a good worker procedures will. wrote this is what it's all about. this shows we can get things done and america. we start investing in america. our infrastructure used to be the best in the world. over a period of time we stopped investing in amera. we rank 13th. how in god's name and we respond?
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it will turn out in a big way. [applause] that is what we are doing. two years ago in wisconsin we talk about this and i side with your elected officials. you've already invested $.1 billion in wisconsin so far. 5.7 billion -- [applause] years later i came back, i took two years ago. last time was here i came with tammy and will hear back. the bridge opened in 1961 and connects minnesota, wisconsin
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and over the lewis bay. every year, 950,000 the bridge to carry 2.4 billion tons of goods all way across america. everyday 33000 and the flow of peop are so critical to small businesses. ...
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causing drivers detours increasing cost and delays. it is outdated and a lot -- outdated peer traffic digestion it never got done. until today. [cheering and applause] [applause] i am proud to announce $1 billion for what will be used to build this new bridge. the new bridge will build capacity, a new bridge with a
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modern design new construction jobs and union jobs. [applause] we are investing in america. jobs for american workers filled
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with american projects. we are making sure that that iron, steel, cstruction material is made in america. [cheering and applause] part of a larger $5 billion investnt led by the department of transportation bridges, highways, ports, airports. announce all across america. with the support of these break governors and delegations, we are doing oer big things every america having access to fordable high-speed internet. [applause] i want to thank amy for her leadership in thi mission. high-speed internet insensible todas economy.
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not a joke. that is why nearly a century ago franklin roosevelt settled the act. i know it soundsike it does not matter, butt matters a great deal. electricity to every he and farm in america because it became an essential part of the country. an essential way to access life. so is high-speed internet today. $2.5 billion. $2.5 billion in high-speed internet [applause] we will saveore than 600,000 families in these states. up to $30 a month. the household i ce from that matters. living on a fixed salary. we are also investing to provide
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clean water. every lead pipe will be taken out. turn on your faucet in drink clean water without getting sick reducing exposure for children has e same effect on the students test scores from 22-15. one 10th the cost of this. itatters. it affects the ality of the brain to function. i promise you that. we have the mon to do it. [applause] that is on topf another. 20 milli people. 20 million people. by the way, it issed.
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a sanction of the great lakes. what we are doing in wisconsin is one piece of the american story. 14 million newobs since i became preside. 169 new jobs in wisconsin. 200,000 in minnesota. nearly 800,000 new manufacturi jobs nationwide. good paying jobs. unemployment has been below 4% for the longest strch in 50 years. it is even lower in wisnsin and minnesota where we stand at 3 and 2.9% respectively. th is our economic plan. investing in america products. build in america. that is what we call bidenomics. look, my predecessor, he chose a
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different course. trickle down economics. cut taxes forhe very wealthy and big corporaons. increasing the deficit significantly that is exactly what happened. that is exactly what happened. i don't want to get going. [laughter] he stripped good paying jobs in set them overseas. why? cheaper labor. ship it overseas. lower wage costs and then import the product. denying americans jobs. he shrank public investment and education. the process helosed factories leaving too many americans behind. look, i grew up in neighborhoods like many of you did where they had that factory. maybe only employing 600 o 800 people. it was the heartbeat of the community. all of audden one day corporationwners decided it
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was cheaper to send thatactory overseas because the labor was cheaper. close the factory, send it overseas. imported the product from overseas. made more money for it and they did not have to pay as much in bor. that is what happened. american labor. every week for four years increasing the infrastructure. well, infrastructure year. on my watch america is having an infrastructure decade. [cheering and applause] reilding factories and jobs. coming back to america. four example, computer chips that everybody needs from your watch to yr automobile. guess what. we invented them. we just made them more sophisticated.
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all of a sudden we have nothing. i got on a plane and went to south korea. i talked to the leaders of south korea. you ma a lot of these potato chips. come to america. a total of $50 billion. [applause] there is a place in columbus ohio. building two of these factories. gigantic football fields. they hire a whole hell of a lot of people. not only building the facility, but working there. the average salary $110,000 a year. you don't nee a college degree to have a job. [applause] midwest is coming back.
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the senators right in front of you delivered i amy delivered it. tammy delivered it. tina delivered it. you the american people supported it. i worked with some republicans to get a bipartisan law done. the vast majority voted against it. you know wt, that is okay. we are building products everywhere. i promise to be a positive for all americans whether you voted for me or did not vote for me. we have more work to do. does anyone think that's the tax code is fair? in 2020, 55 of the fortune 500 corporations paid zero taxes. zero in taxes. you may have heard me harp on this for a while.
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federal taxes on $40 billion. not anymore. i was able to provide for funding for all of these programs by signing 15% on these corporations. guess what, a consequence of what we been making all across america. we still brought t deficit down by $7 billion. one of the other things that i want to mention. you know, i say this politely. for my entir career, i've been going up there pharmaceutical corporations. pharmaceutical corporations in america are the best in the world. they make the best products. whatever prescription you may be
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taking now, if i take the prescription for you, fly to toronto canada, london england, brazil, anywhere in the world, i will get that prescription anywhere from one third to one half the cost. we can charge more than any other country in the world. not a joke. you pay for it. not only in your prescription, but you pay for because medicare pays for a great deal of that. let medicare negotiate. [applause] the help of your senate and congress i finally won. guess what. i am not asking you to raise your hand, but doou know anybody that has a problem with diabetes? insulin, the thing is it used to be a monthly basis. close to $400.
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now they cannot charge more than $35. [applause] by the way, sti making 350% profit. it costs $10 to make it. ten bucks to make it. the guy who invented it didot even want a patent on it because he thought it should be available to everyone. i can take you down the list. guess what else hpened. if your parents or grandparents taking anticancer drugs, six- $13,000 a month for that drug. they cannot do it. guess what, no senior will have to pay no matter howany drugs we have to take. $2000 a month. period. period. and they will still make money. they will still make mon. and, folks, i was told that is an awful thing to do. terrible thing to do.
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guess what, not oy is it saving individual money, it means u.s. taxpayers are paying billns of dollars less a month because you don't have to spend that money on medicaid. you don't have to spend that money on medicaid. you know, we now have, before the recession, before the pandemic, we had about 700 billionaires in america. 1000 billionaires now. 8%. raise your hand if you want to change your taxight now for a percipient i'm not joking. it sounds like i'm making this up. 8% is what they pay. that i why propose a billionaire minimum tax of 25%. that is not rate. [cheering and applae] billionaire and big corporations paid even close to the fair share, social security and
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medicare bringing down the cost of childcare, eldercare, working-class and middle-class people, we would all be better off and it would not cost a penny. it is just basic fairness. it is the right thing to do and we can get thi done and i will be damned i will get it done. [cheering a applause] let me close with this. i am going on too long, i apologize. got a little tight. this is important. the story we are writing is much bigger than that. when you see the shovels in the ground and people hard at work on these projects i hope you feel a renewed sense of pride. pride for your community. pride for what we can do. pride in america. pride knowing we can get big rings done still in america.
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we are the only country in t world that has come out of every crisis we have gotten into stronger then we went in. not a joke. the only country in the world. this is the united states of america. united states of america. real heroes in this whole story, the american people starting to speak up. american workers. american pple doing the work of their community. in ways that it was before and in the fute. that is what america does. that is why they are more optimistic about the future. the united states of america. nothing beyd our capacity when we d it together. let's start working together god bless you all. [cheering and applae] ♪♪
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♪♪ ♪♪ >> this weekend c-span's campaign 2024 coverage continues wivents in south carolina. first upn saturday president biden speaks at the south carolina democratic party's first in the nation dinner and celebration in columbia. that's live at 7:30 p.m. easrn on c-span. and then on sunday, former south carolina governor kkhaley speaks to voters at a rally i conway. li coverage at 5 p.m. eastn also on c-an bothvents we'll stream live on c-span n, our free mobile video app and online at c-span.org. >> today, watch c-span' 2024 campaign trail.
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a wely roundup of c-span's campaign coverage. provide ago one-stop-shop to discover where the candidates are traveling across the country and what they are saying to voters. this along with firsthand accounts from political reporters, updated poll numbers, fundraising data, and campaign ads. watch c-span's 2024 campaign trail. today, 7:00 eastern on c-span, online at c-span.org, or download as a podcast on c-span now, our free mobile app, or wherever you get your podcasts. c-span your unfiltered view of politics. >> c-span is your unfiltered view of government. we are funded by these television companies and more. including comcast. >> you think this is just a community center? no, it's way more than that. >> comcast is partnerinwith a thousand community centers to create wi-fi enabled places so students from low-income families can get the tools they need tore anything. >> comcast supports c-spaas a
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public service along with these other television provide. giving you a front row seat to mocracy. >> today former use speaker paul ryan and former c.e.o. jamie diamond, talks about credits. live coverage begins at 11 a.m. eastern on-span. c-spanow, our freed mobile video app or line at c-span.org. that hearing took place in front of a senate hearing focusing on aging yesterday. you can still find it on c-span.org and not our app, c-span now. a spotlight on the assisted living indtry on thursday as congressional leaders called for transparency.
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there is an email were consumers can share their experiences with providers. they pondered increasing federal and got -- involvement. it was the first hearing in more than 20 years focusing on assisted living. they talked about safety, staffing, and pricing. this wasn response to recent articles in the "washington post." and on their website, a recent story looking at assisted care, looking at residents wandering away unnoticed and dying in the process. it says the fedel government does not regulate the nation's roughly 30,000 assisted care facilities as it does nursing homes. instead, it falls to individual states, and it requires strong training. the nursinme

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